Shares of Funko Inc (NASDAQ:FNKO) have been assigned a consensus recommendation of “Buy” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $27.56.

A number of equities research analysts have commented on the stock. ValuEngine downgraded shares of Funko from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. DA Davidson increased their price objective on shares of Funko from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus increased their price objective on shares of Funko from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday. BMO Capital Markets increased their price objective on shares of Funko from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday. Finally, Zacks Investment Research raised shares of Funko from a “sell” rating to a “hold” rating and set a $25.00 price objective on the stock in a research report on Monday, May 6th.

Shares of NASDAQ:FNKO traded up $0.21 during trading hours on Thursday, reaching $23.80. The stock had a trading volume of 681,695 shares, compared to its average volume of 670,276. Funko has a 1 year low of $11.22 and a 1 year high of $31.12. The business’s 50 day moving average is $23.12. The company has a quick ratio of 1.31, a current ratio of 1.94 and a debt-to-equity ratio of 0.72. The stock has a market cap of $1.15 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 1.37 and a beta of 2.09.

Funko (NASDAQ:FNKO) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.15. Funko had a net margin of 2.00% and a return on equity of 17.28%. The company had revenue of $191.20 million for the quarter, compared to the consensus estimate of $170.69 million. During the same period in the prior year, the firm posted $0.07 EPS. The company’s quarterly revenue was up 37.8% compared to the same quarter last year. Equities research analysts anticipate that Funko will post 0.95 earnings per share for the current fiscal year.

In related news, major shareholder Fifth Street Station Llc bought 245,224 shares of the stock in a transaction dated Monday, June 3rd. The stock was acquired at an average price of $19.99 per share, for a total transaction of $4,902,027.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Andrew Mark Perlmutter sold 55,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $23.01, for a total transaction of $1,265,550.00. The disclosure for this sale can be found here. In the last 90 days, insiders bought 476,418 shares of company stock valued at $9,723,183 and sold 1,438,207 shares valued at $34,388,508. Corporate insiders own 16.26% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Bank of Montreal Can boosted its stake in Funko by 7,766.7% during the 2nd quarter. Bank of Montreal Can now owns 1,416 shares of the company’s stock worth $34,000 after purchasing an additional 1,398 shares during the period. Freestone Capital Holdings LLC acquired a new stake in Funko during the 2nd quarter worth $7,293,000. First Trust Advisors LP boosted its stake in Funko by 11.8% during the 1st quarter. First Trust Advisors LP now owns 20,936 shares of the company’s stock worth $455,000 after purchasing an additional 2,211 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Funko by 58,400.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,340 shares of the company’s stock worth $51,000 after purchasing an additional 2,336 shares during the period. Finally, AXA boosted its stake in Funko by 3.6% during the 2nd quarter. AXA now owns 74,800 shares of the company’s stock worth $1,812,000 after purchasing an additional 2,600 shares during the period. Institutional investors and hedge funds own 46.64% of the company’s stock.

About Funko

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, China, Vietnam, and the United Kingdom. The company offers vinyl, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.

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Analyst Recommendations for Funko (NASDAQ:FNKO)

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